Egypt

Wall Street Journal Headlines

Egypt’s effort to revive its moribund energy industry has attracted tens of millions of dollars in new investment recently, but the country still has to address bureaucratic and legal hurdles before it becomes an attractive business hub, some executives say.

Abu Dhabi investment firm Aabar and U.A.E. construction company Arabtec are looking to step up their investments in Egypt, the chairman of both entities said, underscoring the deepening ties between the two countries.

Egypt, Sudan and Ethiopia took a step to defuse tensions around Ethiopia’s construction of a massive dam on the Blue Nile, which has threatened to upset the geopolitical balance in the region over how to share water from the River Nile.

Egypt would take the controversial step of importing gas from Israel if the price was right and if one of the gas companies involved drops legal action against the Egyptian government, the North African country’s oil minister said.

Egypt announced plans to build a gigantic administrative and business capital east of Cairo with the help of the United Arab Emirates, in a further sign of support from the Persian Gulf for President Sisi.

Egypt’s president made an aggressive gambit to win broad international support for military intervention to fight Islamic State in neighboring Libya but was rebuffed because of his own crackdown at home on moderate Islamists.